FTC shuts down company, alleges $25M in unauthorized charges

FTC shuts down company, alleges $25M in unauthorized charges

Posted: Updated:
ATLANTA -

The Federal Trade Commission has temporarily shut down a company it claims billed consumers to the tune of $25 million without their consent.

According to the FTC
, the money was taken from bank and credit card holders. In a press release, the FTC says there were tens of thousands of complaints about a company called Ideal Financial Solutions. They say the company used more than 200 internet domain names and used identity-hiding services.

They say the company targeted vulnerable people, usually charging them about $30 for services they didn't get. They're not sure how Ideal Financial Solutions got the account numbers, but most victims had applied for payday loans through the internet.

Other companies named in the complaint are: Fund Assur, Debt2Wealth and Avanix.

So what can you do if you suspect you may have been a victim? Go back and look at credit card and debit statements dating back to January 2009, and look at charges to financial services that just don't make sense to you.

For more information, click here!

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